US Energy Information Administration (EIA) issued an official, weekly report on US oil inventories today at 4:00 pm GMT. Report was expected to show a drop in headline crude oil and gasoline inventories as well as builds in distillate inventories. API report released yesterday suggested a significant decline in crude oil inventories.
- Oil inventories: -5.5 mb vs -3.0 mb expected (API: -7.42 mb)
- Gasoline inventories: +10.9 mb vs -1.5 mb expected
- Distillate inventories: +10.09 mb vs +1.3 mb expected
Source: xStation
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